Trump Administration to Sanction Unnamed ‘Large’ Bank on Monday, Bessent Says
Bessent said the move is part of a wider pressure campaign on Tehran after the administration broadened sanctions across banking, shipping and aviation.
- Treasury Secretary Scott Bessent announced Thursday the United States will sanction a large, unnamed bank on Monday to continue economic pressure on Iran and end the more-than-six-month conflict.
- Escalating its campaign last month, the administration implemented 'Operation Economic Outcast,' sanctioning nearly 60 entities, vessels, and individuals targeting Iran's oil, shipping, and aviation sectors.
- Bessent warned, "We will make it so unprofitable" for those dealing with Iran, citing prior closures of Dubai branches of Egypt's second-largest bank involving $1.8 billion and Turkey's largest bank.
- The announcement was delayed from its original Friday schedule to Monday, September 14, 2026, to honor the 25th anniversary of the September 11, 2001, attacks.
- President Donald Trump predicted Wednesday the conflict with Iran will likely persist until after the November midterm elections, signaling the administration's economic pressure campaign faces a long-term timeline.
42 Articles
42 Articles
Al-Monitor
Trump administration to sanction unnamed 'large' bank on Monday, Bessent says
By Jasper WardWASHINGTON, Sept 10 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday the Trump administration will sanction a large bank next week as it continues to apply economic pressure on Tehran to end a more than six-month U.S. conflict with Iran.He named neither the financial institution nor its country during his appearance on "Real America's Voice," but said the move would happen on Monday.
Trump Administration Sanctions All Iranian Airlines in Aviation Crackdown
On Sept. 8, the Trump administration announced sanctions against 27 Iranian air carriers, a move designed to deny the government in Tehran the ability to move "weapons, personnel, and illicit cargo," the U.S. Department of the Treasury said in a statement. [1] The action is part of Operation Economic Outcast, the expanded sanctions project that Treasury Secretary Scott Bessent has said is meant to choke off Iran's access to the global economy. […
Trump Team to Sanction Major Bank Starting Monday, Sparking Global Market Turmoil
The Trump administration plans to impose sanctions on a major unnamed bank starting Monday, per Treasury Secretary nominee Scott Bessent. The early announcement has triggered market speculation, compliance reviews, and uncertainty across global finance as investors assess potential impacts. This reflects the incoming team's aggressive use of financial tools for foreign policy goals.
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